(VIANEWS) – Tilray Inc.’s shares rose the most in five months, as investors recognized the company for its success despite the challenges posed by Canada’s Covid-19 regulations.
Bloomberg Quint reported net income at $33.6 Million for the fourth quarter ending May 31. This compares to an $84.3 million loss in the previous year. Ebitda nearly quadrupled to $12.3million in the prior fiscal year, Leamington-based company stated in a statement. This was the first quarter-end report of Aphria Inc.
Shares of Tilray (TLRY) dropped 5.84% to $14.52 at 13:22 EST on Friday, following the last session’s downward trend. NASDAQ Composite is falling 0.54% to $14,698.32, after two consecutive sessions in a row of gains. This seems, up until now, a somewhat down trend trading session today.
Tilray’s last close was $15.42, 76.99% below its 52-week high of $67.00.
Today’s last reported volume for Tilray is 15129854 which is 44.3% below its average volume of 27162500.
The company’s growth estimates for the current quarter is 89.2% and a drop 50% for the next.
Year-on-year quarterly revenue growth declined by 7.8%, now sitting on 611.06M for the twelve trailing months.
Tilray’s last week, last month’s, and last quarter’s current volatility was a positive 4.21%, a negative 0.45%, and a positive 4.20%, respectively.
Tilray’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 9.08% (last week), 4.06% (last month), and 4.20% (last quarter), respectively.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
Tilray’s stock is considered to be oversold (<=20).
Tilray’s Stock Yearly Top and Bottom Value
Tilray’s stock is valued at $14.52 at 13:22 EST, way under its 52-week high of $67.00 and way higher than its 52-week low of $4.41.
Tilray’s Moving Average
Tilray’s value is way under its 50-day moving average of $16.98 and way under its 200-day moving average of $20.11.
News about Tilray (TLRY) today
Is tilray stock a buy after its surprising Q4 profit?. According to today’s article on The Motley Fool, “Irwin Simon thinks that Tilray can generate $1 billion of sales in Europe by the end of 2024. “, “However, Tilray can’t compete in the U.S. cannabis market as long as marijuana remains illegal at the federal level.”
Previous days news about Tilray (TLRY)
TLRY stock: the news that has cannabis giant tilray moving today. According to InvestorPlace on Wednesday, 28 July, “That compares with the 1.7% decline in pot-stock exchange-traded fund Cambria Cannabis ETF (BATS:TOKE) which has Tilray shares as its biggest holding, at 12.41% weighting of the 28-stock portfolio.”, “Investors are reacting to this morning’s earnings report from Canadian cannabis producer Tilray (NASDAQ:TLRY). ”
Tilray swings to profit in latest quarter, sending stock up 5.9% premarket. According to MarketWatch on Wednesday, 28 July, “Shares of Canadian cannabis company Tilray Inc. jumped 5.9% in premarket trade Wednesday, after it swung to a profit in its fiscal fourth quarter. ”
Tilray shares surge as cannabis poised to benefit after lockdown. According to Bloomberg Quint on Wednesday, 28 July, “He also emphasized that the company’s cash position — $488.5 million — potentially enables Tilray to pursue acquisitions of other cannabis companies that could help it enter the U.S. market should the U.S. decide to federally legalize marijuana.”, “Free cash flow also grew in a quarter that analysts had cautioned would be messy because it’s the first reporting period since Tilray combined with Aphria to form a new giant in the industry. ”
More news about Tilray (TLRY).